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Project Management

Project Management

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Published by kashanpirzada
Project Management supporting material
Project Management supporting material

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Categories:Business/Law, Finance
Published by: kashanpirzada on Dec 30, 2009
Copyright:Attribution Non-commercial

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03/03/2012

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Kashan Pirzada
What is a Project?
A project is
complex, unique, one-time effort
limited by time, budget, resources,
And performance specifications designed to meet the objectives
Major characteristics:
An established Objective
Unique
Time frame
Cost
PROJECT MANAGEMENT (PM)
PM is the process of planning and directing
Project from its inception to its completion
Given time, given cost, given end product.
BUT IT MUST BE REMEMBER THAT
All time and cost are based on assumptions made at the original planning.
Actual time and cost would vary from estimated ones because of many internalfactors(Effect individual) and external factor (effects everyone)
Time, cost and scope (boundaries, limit, and coverage) can be traded off against eachother.
Human elements are involved.
PM redefined:
PM plans and directs the process of completion of a project to enable it to reach, in the best possible way and with best possible returns, the intended objective of the project.
Trade OFF
Inverse relation / Negative correlation
1
 
Kashan Pirzada
Sacrifice one thing for the sake of other.
PROJECT CYCLE
 
IDENTIFICATIONAPPRAISAL /APPROVALEVALUATION
 
Comparing Estimates WithActual For:
PerformanceAssessment
Accountability &Responsibility
 
IMPLEMENTATION
The importance of Project Management
Product life is very short
Global Competition e.g. China bike
Customer focused
Organization leaner & flatter 
Knowledge explosion
Standard way of doing business
Project Management Today, an integrative approach
Effective PM Begins With Selecting And Prioritizing Projects ThatSupport The Firm's Mission And Strategy.This Calls for Integration of both Technical and Social Skills
2
Objectives
Resources
Business
Environments
Market Appraisal
Technical Appraisal
Financial Appraisal
Management Appraisal
Economic Appraisal
Social Appraisal
Time Management
Cost Management
Objective Attainment
 
Kashan Pirzada
TECHNICAL SOCIAL
ScopeLeadershipWBSProblem SolvingSchedulesTeamworResource AllocationNegotiationBase Line BudgetPoliticsStatus ReportCustomer Expectation
PROJECT SELECTION
Financial
 NPV at RRR 
IRR rate
Payback period
Non Financial
Market
Transfer of technology
Self sufficient
Three Types of Project
Must to
Operational
StrategicProject Idea
Import
Export
IDENTYFY APPRAISAL
Market Tec. Finance Management Socio-economicConsumption= Production + Import – Export ± Stock 
3

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